I want to buy an old fire station Real Estate |
- I want to buy an old fire station
- Is it kosher to ask your Realtor to solicit your property to other known investors but not list it publicly? [US-TX]
- USDA loans when wanting to move across state... what's the best way?
- Foreclosed Home bidding war GA
- How are the Stock Market and Housing Market Coupled? (CO)
- Pipe leaked inside of wall in my condo, am I liable?
- Can I qualify for owner-occupied loan (3.5-5% down) on 1031 if I'm exchanging into multi-family,living in one unit & renting out the others?
- Can you gift a percentage ownership in your home in Washington state even if you have a mortgage?
- Offer to purchase expired at 2PM today, seller claims they just haven’t had time to sign yet, but verbally agreed with their agent. Anything fishy? (WI)
- Any way to check train frequency online for a particular stretch of track? (IL)
- Capital Gains Calculation on Taxes owed - Help!
- The concept of gentrification makes me sick, and it makes me hate white people
- Selling a house in the Caribbean
- I think my realtor fudged on some FHA requirements.
- Buyer requesting credit after expiration of inspection period. And I feel bad about saying NO?
- Communication or there lack of
- When buying a home from family, can we buy it at a reduced rate but have a side agreement with the family to pay the remainder later?
| I want to buy an old fire station Posted: 09 Feb 2018 06:49 PM PST Atlanta, GA. I want to convert an old fire station into a home. Has anyone done this? How should I go about it? [link] [comments]  |
| Posted: 09 Feb 2018 02:19 PM PST The question more or less explains what I want to know. We're looking at moving a few rentals and we'd like to do it quietly, if at all possible. EDIT: I should add that we'd be open to financing the transaction in house if that makes any difference at all. [link] [comments]  |
| USDA loans when wanting to move across state... what's the best way? Posted: 09 Feb 2018 06:17 PM PST My fiance and I want to move to East Tennessee from Memphis. We will be first time home buyers. He currently qualifies (from what I can tell) for a USDA loan with his current work, but he will have to change jobs when we move. He has good credit but not really any revolving credit (no cards, but we plan on getting a monthly gas card to fix that). I on the other hand have a stupid ex husband that kind of screwed my credit. Most of it is on the rebound, and I think the last time I checked it, it was in the mid 500 range. I'm a stay at home mom, so no real income on my part. My first question is, would it be better for him to get to get the loan with out me on it, or would it look better if we went ahead and got married? My second question is, will we be able to get a loan set up here in memphis and start looking for a place, or do we need to move there rent for a couple of years and then try? Anyone have any tips for moving to a whole new place? I'm desperate to get to where we want to be, but not desperate enough to rush into things blindly. I know we should speak to a lender, but I do not know much about this whole process, so I'd like to be armed with questions to ask. I appreciate any information you guys can give! [link] [comments]  |
| Foreclosed Home bidding war GA Posted: 09 Feb 2018 03:21 PM PST Hello, My husband and I have been looking for a home for a while now. We're located in Ga and the housing market is hot here. We recently found one home that was 175k for 4 bedrooms, 2 1/2 baths and 2100 square feet with .50 acre in the back yard in an HOA zone of $80 a year with sidewalks. They reduced the home down to 168 and it sold. Fast forward one month, a foreclosed home in the nearby area is 5 bedrooms, 4 baths, 3300 square feet in a nice school zone with HOA of $300 a year for 160k. The home has been on the market for 2 months and need the carpet replace and the bank doesn't want to repair anything so who knows what else. We offered full asking price but asked them to pay closing. I called the listing agent today and he said they has 3 offers and he couldn't tell us if it was a full offer yet. My agent contacted me and contacted the listing agent and the agent told her that everyone was asking for too much closing cost and because it was a VA loan they can only cover 3%. Also the comps in the area are between 180-195. While it's based on square feet and bedrooms I don't feel like they're true comps bc this foreclosed home does need some work done too it. Those homes had granite countertops and nice kitchens. This one we will have to fix it up. So here's what I'm asking .... what should we offer? We calculated up what it'll cost to make the repairs WE saw in the house and to do so we can't cover 5k in closing cost. Now please don't give me the speech if you can't cover 5k in closing cost you don't need to buy it. Can we increase our offer to 165k and ask them to cover all closing cost? Do you think that'll win us this home? Any suggestions. This is our first time with a REO. Update: the listing agent sent a best and highest paperwork to complete for the house. She also said the VA is only willing to pay 3% of the closing cost. Update 2: sorry for the confusion. I was texting this on my phone and while I was really upset by the headache. The home is foreclosed but the seller is the VA. I am closing with a conventional 97 loan. The listing agent has stated all offers must be in by noon tomorrow. I'll let you guys know what happened. I also want to thank everyone that took the time out to help a stranger. Trust me, you're advice didn't go in one ear and out the other. I really appreciate it. [link] [comments]  |
| How are the Stock Market and Housing Market Coupled? (CO) Posted: 09 Feb 2018 10:55 AM PST BTW, I'm on the buyer side Trying to figure out how the "correction" might affect the housing market. 10 yr rates are up, so mortgage rates are rapidly rising (about 0.5 points in 5 weeks), and certainly it has to make any cash investors more nervous about an outlaw on a house (with any equity positions locking them in for now). Anyone have any thoughts on this? The last thing I want to do is pay top dollar for a house and having the market falter and immediately be underwater. [link] [comments]  |
| Pipe leaked inside of wall in my condo, am I liable? Posted: 09 Feb 2018 11:45 AM PST Any insight would be greatly appreciated. I live in a high-rise condo building in northern Virginia and yesterday the tenant below me had a slow water leak coming down from their bathroom ceiling. The chief engineer let me know that the leak wasn't coming from inside my unit, but from the shower pipe that leads to my shower (which exists inside the wall). I didn't think much of it since, to get to the pipe, they actually had to cut a hole in the wall in the hallway (common area) to get to it. Today I received a call from the condo management stating that I am liable for all of the damage though. The by-laws have some pretty vague language surrounding this; has anyone had this sort of experience before that can provide some advice on next steps. I have a personal condo insurance policy, but I'd like to confirm that this is in fact my responsibility before I act. Thanks in advance! [link] [comments]  |
| Posted: 09 Feb 2018 09:42 AM PST I own a condo in Los Angeles, CA which has always been a rental property. I want to 1031 exchange it into a triplex or fourplex. I don't have the cash to afford the 20% down payment a conventional loan requires. I do, however, have enough cash to afford the down payment on an owner-occupied loan (if I can get qualified), since the down payment requirement is much less (3.5-5%). Can I do a 1031 exchange AND qualify for an owner occupied loan if I plan to live in one of the units and rent out the other units? Really want to make this work. Thanks! [link] [comments]  |
| Can you gift a percentage ownership in your home in Washington state even if you have a mortgage? Posted: 09 Feb 2018 06:16 AM PST Basically just that -- can you gift a percentage ownership in your home in Washington state even if you have a mortgage? (And become tenants in common with the other owners.) Would the mortgage have any impact? What if you only had X% equity in but you wanted to gift X+Y%? When / if this happens, will the lender find out and what will their reaction be? [link] [comments]  |
| Posted: 09 Feb 2018 05:26 PM PST First time home buyer in WI. Wrote up an offer last night with an expiration of 2PM today. Seller didn't meet that 2PM deadline, did not meet their own deadline of 5PM, and as of now, all I've heard from the seller's agent is that there is a verbal agreement, but no signed offer. The agent claims the seller is traveling at the moment and can't sign. At this point, I could rescind the offer and move on, or wait it out. Should I be concerned about the binding power of the offer if it's signed after 2PM? Am I being played by the seller, or is it really logistically difficult to sign an offer and get it emailed? It's a house that I'm on the fence about (happy if I got it, okay if I miss it), so should I just withdraw? [link] [comments]  |
| Any way to check train frequency online for a particular stretch of track? (IL) Posted: 09 Feb 2018 12:59 PM PST Lots of experts here so figured someone might know - I'm looking at a property in Illinois that is near some tracks. The tip is often to "stake it out" but train volume varies both by time of day and time of year. Ideally, there is a website out there somewhere that catalogs rail traffic and would be able to give me data if I input the geographic location. Anyone been down this track before? [link] [comments]  |
| Capital Gains Calculation on Taxes owed - Help! Posted: 09 Feb 2018 12:10 PM PST I need help on figuring capital gains on a house sale (planning to sell). Capital gains will be 70k -75k profit after all fees. House is primary residence but do not meet the 2 out of 5 year. can someone help me with Capital Gains taxes owed? I will be in the 12% income tax bracket for year 2018. Tennessee Also, i may have an unforeseen circumstance, which is the birth of second child which has caused an insignificant amount of dr bills? Any help would be great. Edit: added location [link] [comments]  |
| The concept of gentrification makes me sick, and it makes me hate white people Posted: 09 Feb 2018 11:23 PM PST Gentrification is probably worse than white flight. In both instances, the intent is marginalization and exclusion of minority groups. Whites like to pretend it's about" improving low income communities", when in reality it's about making communities as white as possible. Minority owned businesses are forced out of business, so that a whiter, faker version can replace it, i.e. the soul food restaurant that gets shut down only to be replaced by the " authentic soul food" place run by whites who suck at making soul food. Then they put corny ass whole foods and trader joes everywhere, its gross. Gentrification is about displacement, not integration and improvement. [link] [comments]  |
| Selling a house in the Caribbean Posted: 09 Feb 2018 06:57 AM PST I'm trying to help my mother sell her house in Grenada. The agent has suggested signing an exclusive listing contract with them. They will then co-broke with other estate agents on the island. The U.K. Property market seems to work completely differently. I presume it's more like the US system where you use an agent to buy a house. Should she sign? [link] [comments]  |
| I think my realtor fudged on some FHA requirements. Posted: 09 Feb 2018 10:09 AM PST I (23F) bought a house last May in Indiana. I ended up trusting the listing agent to represent me as well in the sale, acting as a dual agent for both parties. I have an FHA loan and this they have certain requirements for the home to be approved. Long story short, I think I got screwed by her. I signed off on not getting any of my inspection problems settled before closing. Before I get back lash for this, I'll just go ahead and say this house was a bad decision for me. I know next to nothing about owning a home and was/am grieving the death of my daughter. My mental state checked out and I shouldn't have moved forward with this house given that none of the issues I brought up would be fixed. I'm looking into arbitration because my realtor really did some fancy footwork in using my naivety against me. Is there a way to find out if this house should have been approved by FHA? The realtor is from century 21, a huge company. If anything, I think a case can be made for her lack of impartiality. I've already had a huge plumbing job done, in which the plumber said the line had been scoped before and they would have known the condition of the pipes before this closed. Advice appreciated! [link] [comments]  |
| Buyer requesting credit after expiration of inspection period. And I feel bad about saying NO? Posted: 09 Feb 2018 10:04 AM PST (Florida) I am the seller in this transaction. I have a buyer that asked for a significant credit after inspection period expired. They now risk losing their deposit if they back out. Which I don't think they will. We responded with a NO through our agent. They now want a smaller credit and are telling us they have young children and they need the money (I also have young children). I feel bad for saying NO. Am I over empathetic here? Have any of you been on this situation before? [link] [comments]  |
| Communication or there lack of Posted: 09 Feb 2018 08:19 AM PST So at the beginning of January, we were planning to put our home on the market. We met with a realtor who was referred through a work colleague of mine. Said realtor came in gave us their market analysis and we told the realtor that we will be making the fixes or upgrades they recommended and that once we were done we're thinking probably early March that we would be aiming for to be put up for sale. Fast forward a month and we have heard nothing from the realtor. Like no emails or calls checking in to see how our progress is and where we're at. We have since then reached out to two other realtors and will be interviewing them. I mean with the low inventory that we have in our area (NE Wisconsin) I'd thought for sure I'd hear something back from the realtor by now. We liked them and thought that it hit off great and gave good vibe that we most likely would be going with them but this lack of communication has raise a red flag with us. Is it normal not to hear anything back from the realtor? [link] [comments]  |
| Posted: 09 Feb 2018 07:53 AM PST We want to buy a home from family, but we don't want a mortgage as large as the purchase price. They agreed to actually sell it at a lower rate, and write a purchase and sale agreement for a price around 80% the value, so that we can get a mortgage to cover it. But we want to also have a side agreement with them to pay the remaining value as we are able...are there any issues with that? Edit: Location = Seattle, WA [link] [comments]  |
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